Amazon becomes second $1 trillion company in US
New York, Sep 4 : Amazon on Tuesday became the second US public company after Apple to hit the $1 trillion valuation mark.
Last month, Apple became the first US company to become a $1 trillion company.
According to a report in CBS News, Amazon shares hit $2,050.49 -- climbing 1.5 per cent in the morning trade -- bringing the company's market value above $1 trillion.
Amazon Founder Jeff Bezos is already the richest person on Earth, with a net worth surpassing $150 billion.
He owns over 16 per cent of Amazon which he founded in a garage in Seattle in 1994.
Apple became the first $1 trillion company last month. The Cupertino-based iPhone-maker is currently worth about $1.1 trillion.
Google's parent company Alphabet Inc and Microsoft are fast approaching the $900 billion mark, reports said.
Facebook -- which crossed $500 billion in 2017 -- is not growing much owing to a massive data privacy scandal amid falling user base.
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Blast outside BJP leader Manoranjan Kalia’s residence triggers panic in Jalandhar
Chandigarh: A loud blast was reported outside the residence of senior BJP leader Manoranjan Kalia in Jalandhar, Punjab, around 1 am on Monday, sparking panic in the area.
According to the police, no one was injured in the incident. The blast occurred near Shastri Market, close to Kalia’s house. Forensic teams have arrived at the scene to collect evidence and determine the nature of the explosion.
Jalandhar Police Commissioner Dhanpreet Kaur said the investigation is underway to ascertain whether it was a grenade attack or caused by another explosive device. CCTV footage from the vicinity is also being examined to trace the culprits.
Kalia, a former Cabinet minister and ex-president of the Punjab BJP, was reportedly at home at the time of the incident.
This incident comes amid a series of similar blasts reported across Punjab in recent months, including explosions targeting police posts in Amritsar and Gurdaspur, and one outside a temple in Amritsar last month.
